Cryptocurrency Wallet for Gambling – Casino Cryptocurrency Wallet ᐉ BitHide

Cryptocurrencies and Gambling

Blockchain for Casino transactions offers unmatched speed and anonymity when used with the right wallet. On this page, we’ll explain how a casino cryptocurrency wallet works, why it’s essential for the gambling industry, and why finding a reliable, user-friendly, and privacy-protecting solution for player deposits is crucial for any business in this sector.

Casino Crypto Wallets: What They Are and How They Work

It’s not enough for a business to simply decide to accept cryptocurrency from its clients. They need specialized B2B software — a casino crypto wallet. This wallet automatically generates unique addresses for each player wanting to deposit in Bitcoin, Ethereum, USDT, or other cryptocurrencies.

The first essential feature of any crypto wallet is API integration with your platform, website, and CRM system. Additionally, it needs to provide a comfortable working environment for managing crypto financial flows from various revenue streams.

Protecting the privacy of the owner and securely storing transaction data is critical, especially for high-risk businesses offering bitcoin slots and online casino services.

Why Do Gambling Companies Need a Crypto Wallet?

Simply put, cryptocurrency appeals to gamblers. Offering this deposit method attracts new players and boosts loyalty among existing ones. Here’s why crypto payments are so popular with betting enthusiasts:

• Low transaction fees, especially for international players.
• High transaction speed: depending on the chosen blockchain, payments are typically processed within seconds.
• Increased anonymity: many players prefer not to use their bank cards for online casinos and appreciate the added privacy that crypto provides.

To accept Bitcoin, Litecoin, Tether, or Ethereum, your casino will need a dedicated business crypto wallet. Here’s what BitHide offers to its users.

Crypto Wallet for Business BitHide: Main Features

• Quick and easy API integration with your website, platform, or CRM system, enabling seamless receipt of crypto payments from players.
• Self-hosted software installation allows you to decide whether your players need to go through a KYC process.
• User-controlled seed phrase. Generated during the first login, this ensures your ownership and access to funds.
• Unlimited sub-wallets and addresses. Ideal for owners of multiple iGaming brands where cryptocurrency is a payment option, allowing for easy management without manually tracking each wallet’s activity.
• Privacy protection. BitHide features the unique Dark Wing technology, a blend of Tor and VPN. It changes the wallet’s IP address three times before sending it to the node, making it nearly impossible to trace the real IP. Transaction data is securely encrypted with a 512-bit key and stored on your server.
• Fraud detection. BitHide can flag suspicious transactions, pausing them and requiring administrator approval.
• Comprehensive balance and payment reports. With fixed crypto exchange rates at the time of receipt, reports can be exported in Excel or CSV formats for individual merchants or as an aggregated financial flow overview.
• Flexible auto-withdrawal settings. Automatically send funds to one or more cold storage addresses when the wallet balance exceeds a user-specified amount. Auto-withdrawals can be one-time or recurring.
• Mass payouts. With BitHide, users can send cryptocurrency to multiple recipients with just one click by uploading a file containing addresses and amounts.
• Built-in AML address checks. You can always assess the risk levels of crypto on any internal or external address in a few seconds.
• Multi-user access. Assign different roles for wallet management, allowing you to involve as many employees as needed.

Bitcoin Casino: Crypto Wallet Integration

To start accepting deposits from players via BitHide, simply leave a request. One of our knowledgeable representatives will get in touch to explain all the wallet’s features in detail. Once the software is installed on your server and the graphical interface is set up on your computer, you’ll be ready to configure your account.

During the first login, a seed phrase and 512-bit encryption key will be generated for you. These will be used for securing your transactions and logging into the system. You’ll also need to create a passcode, which will be required for important actions within the wallet. These technologies are critical for any Ethereum casino or cryptocasino, where data and fund security are paramount for high-risk businesses.

Once your account is set up, our team will assist with integrating the crypto wallet into your website, ensuring a smooth and comfortable transition process.